I bought a house right before the pandemic and I absolutely hate it. I’ll be moving to an apartment soon. My initial thought was to sell it and enjoy the 30% gain ( I just hit the 2 year mark, so no capital gain taxes).
However, housing is projected to rise 18% in my area next year. I am tempted to keep the house empty and sell once I feel we are at the top. Greedy, I know. I doubt the stock market will perform as well as housing so I would like my money to grow.
My taxes are $250 a month and insurance is $50. Another $150 a month for sewer and baseline heating/gas. No mortgage. I absolutely refuse to be a landlord and I have no problem leaving the house empty.
Has anyone done something like this? Is there anything I might be missing?